Key Mortgage Advice - Secured Loans

On this page of our site we will explain the main types of mortgages available and the potential advantages and disadvantages of each.

Also known as capital mortgages, Repayment mortgages are the traditional means of paying for a property so that eventually it becomes fully yours as a result of the payments. The term of a repayment mortgage is typically 25 years and at the end of that period you would, if payments have been kept up, owe nothing to the lender.

Your mortgage payments are divided into capital repayments which are repayments of the money you borrowed and interest payments which are repayments of the interest charged for the loan.

Every month you pay off some of the interest and some of the capital. The monthly repayments on a repayment mortgage will be greater than an equivalent interest only mortgage.

Back to the top

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Registered Office: Key Mortgage Advice, 454 Leyland Road, Lostock Hall, Preston, Lancashire, PR5 5RY

Tel: 01772 620000, email: enquiries@keymortgageadvice.co.uk

The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based in the UK

	Mortgage Enquiry Please complete this form and we will contact you shortly (Required fields are marked with an ) (Please ensure fields are filled in)
	Name*
	Email Address
	Preferred Tel No*
	Comments:
	When is the best time to contact you?